Liteforex, GMT +3 broker timezone based
why "timezone based"?, isn´t a broker working for 24/5 (day and night)?
Is this Liteforex good for me who lives in central Europe?
Or would you advise me another one?
It must not be in my language, english is ok.
This is not a long trade I would take at current price levels for a couple of reasons:
1. Significant resistance at around 0.9840 that has held for the last few weeks. We both marked an uptrend line on our charts, but price action has definitely stalled at the resistance area.
2. This pair is at a record high. The Momentum indicator is not part of the AshFX system, but I do take a look at it, and we're clearly seeing evidence of reduced momentum on both Daily and Weekly charts.
The really nice long trade opportunities began several months ago at the start of 2008. Since then, price has climbed about 1200 pips. Now that I'm seeing a lot of resistance, I'm not sure I want to jump on a Long signal just in hopes that the pair will continue to climb.
The one factor that would probably cause me to enter this trade, and it would be based on technical trading rather than AshFX rules, would be if I saw a significant break of the resistance area. If that happened, I would look for a retrace back to the previous resistance area and then place a Long trade with a fairly tight stop loss assuming that this area would now become a support zone.
That's my take on how I would handle it. That's the great thing about trading. It's like looking at art . . . everyone has a slightly different perspective on what they're seeing.If a signal comes, and you decide to take the trade, good luck and I'll be cheering you on from the sidelines.
On the other hand, if a valid short signal shows up soon on this pair, I'll be all over that. The retracement possibilities look sweet.
Hi
I have taken the 2 trades @ 19868 on the grounds
1 it couldn't break the resistance @ 19970 ish
2 it closed below the 200sma.
3 MTF stochs pointing down
Funny how people see the charts differently
yen44x, whats your opinion about CADJPY short?
The eur/usd short opened on 7/23, and dipped very nicely today to over 200 pips profit. We’re now at about the 61 fib from the 6/13 candle, so I will tighten the stop loss, but if price can continue to move south we could head down another 250 pips or so to the strong support area around 1.5300.
The usd/cad long also opened on 7/23, and I’m 26 pips from my target of 1.0279. However, I’ve tightened the stop loss to 1.0229, so I’ve got 150 pips profit locked in for sure on this trade.
The cad/jpy short is the only trade not doing well, but I have hopes that it will make it down to the trend line before I close it out.
I’m up 92 pips on a technical-based short trade on eur/jpy, and it appears that will be an AshFX signal soon as well.
CLOSED TRADE:
All in all, a very good day for AshFX trades.
Alright, I'm off to the gym for some torture.
Hey blackdog . . . your gpb/usd short is looking MUCH better today, eh? Congrats to you.
And, lest I forget, a nice warm beer toast as well. I'll still stick to cold beer, thank you very much, but a toast nonetheless.
I won’t be taking any new AshFX trades today, but here’s an update on my current trades:
- Eur/usd short: 1 lot closed at +100 pips; 2nd lot at +218
- Usd/cad long: 1 lot closed at +50; 2nd lot is at +175
- Cad/jpy short: 2 lots at -49
The eur/usd short opened on 7/23, and dipped very nicely today to over 200 pips profit. We’re now at about the 61 fib from the 6/13 candle, so I will tighten the stop loss, but if price can continue to move south we could head down another 250 pips or so to the strong support area around 1.5300.
The usd/cad long also opened on 7/23, and I’m 26 pips from my target of 1.0279. However, I’ve tightened the stop loss to 1.0229, so I’ve got 150 pips profit locked in for sure on this trade.
Guys is this fine to execute the trade? Please advice me ASAP.
hi yen or anyone else..
pls can you help me here...
when you saw the eur/usd & cable signal using Ash's strategy & took those short trades, the market definetly went in your direction i.e. acted accoridng to Ash's predictions....
now my question is .. did that happen because everyone was expecting a short in these ccy's or ... ?
i mean is this really a self fulfilling prophesy?
sorry to ask dumb questions like this .. but ..
regards,
Pret
) that an AshFX signal, powerful as it might be
, is not enough to move the entire market.
Guys is this fine to execute the trade? Please advice me ASAP.
